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Board to reimburse Cash Special Reserve Fund $78,500 after CHIPS reimbursement expected
Town Board of the Town of Addison · November 6, 2025
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Summary
The board approved reimbursing the Cash Special Reserve Fund $78,500 upon receipt of CHIPS funds; Highway Superintendent reported an estimated CHIPS reimbursement of $312,588.84.
The Town Board approved a motion to reimburse the Cash Special Reserve (CSR) Fund $78,500 when CHIPS reimbursement is received. Supervisor Jack Thompson moved the reimbursement and Council Member Joseph Trappler seconded; the motion carried unanimously.
Highway Superintendent Kenny Peoples Jr. told the board he met with DOT and estimated CHIPS reimbursement at $312,588.84. The board authorized the CSR reimbursement to occur contingent on receipt of those CHIPS funds.
